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Radical global changes to production, consumption, finance and education were urgently needed, he said. The page review was commissioned by the UK Treasury, the first time a national finance ministry has authorised a full assessment of the economic importance of nature.
A similar Treasury-sponsored review in by Nicholas Stern is credited with transforming economic understanding of the climate crisis. It also means accounting fully for the impact of our interactions with nature. That is now a real risk.
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The review at last puts biodiversity at the core [of economics]. It shows how we can help save the natural world at what may be the last minute, and in doing so, save ourselves.
I welcome the review, which makes clear that protecting and enhancing nature needs Evnironment than good intentions — it requires concerted, coordinated action. Dasgupta also called for new supranational institutions to protect global public goods such as the rainforests and oceans. Poorer countries should be paid to protect ecosystems, The Natural Environment charges for the use of non-territorial waters should be levied to prevent overfishing.
The report said almost all governments were exacerbating the biodiversity crisis by paying people more to exploit nature than to protect it. Continuing down our current path presents extreme risks and uncertainty for our economies.
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Crucially, it would [also] help us to reduce poverty. Hopefully this will mean that finance ministries around the world will acknowledge that the loss of nature is an economic issue, not simply an environmental issue. Environment Climate change Wildlife Energy Pollution.
Larry Elliott and Damian Carrington. What is biodiversity and why does it matter to us? Read more. Reuse this content.]
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